Trade & Customs
KPMG TradeNewsFlash reports of developments concerning trade and customs
News
USTR announces actions in Section 301 investigation of China's maritime sector dominance
Actions include imposing service fees on Chinese vessel operators and owners
April 18, 2025
News
Canada: Relief for businesses affected by tariffs
Import tariff relief for automakers, and six-month relief for certain goods imported from the United States
April 18, 2025
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EU pauses countermeasures against U.S. tariffs to allow for negotiations
Countermeasures suspended until July 14, 2025
April 15, 2025
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Vietnam: Amended preferential import tax rates
Decree 73/2025/ND-CP modifies the tax rates concerning export tariff, preferential import tariff, and goods subject to various tax rates
April 14, 2025
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United States modifies reciprocal tariff rates in response to trading partner retaliation and alignment
Increases tariffs on Chinese imports to 125%; temporarily reduces duties to 10% for 75 trading partners
April 10, 2025
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EU member states approve trade countermeasures against United States
Duties will begin to be collected on April 15, 2025.
April 9, 2025
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United States increases tariffs on Chinese imports
Response to China's 34% tariff on U.S. goods
April 9, 2025
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U.S. BIS updates “boycott requester list”
The update adds 30 parties and removes 18 entities.
April 9, 2025
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China requests WTO dispute consultations regarding U.S. reciprocal tariffs
34% additional duty on imports from China
April 8, 2025
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U.S. CBP updates guidance on reciprocal tariffs
Adds the actions that are effective April 9, along with those effective on April 5, 2025
April 8, 2025
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India: Revised draft export and import regulations
Comments must be submitted by April 30, 2025
April 8, 2025
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White House executive summary of report on “America First Trade Policy”
Reviews, investigations, findings, identifications, and recommendations
April 7, 2025
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Canada requests WTO dispute consultations regarding U.S. duties on automobiles and auto parts
Canada argues that measures violate obligations under the General Agreement on Tariffs and Trade (GATT) 1994
April 7, 2025
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U.S. CBP guidance on reciprocal tariffs with April 5 effective date
Guidance applies to the actions that are effective on April 5, 2025
April 4, 2025
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U.S. CBP issues withhold release order on Korean salt farm
CBP will detain imports of sea salt products produced using forced labor.
April 3, 2025
News
U.S. BIS issues temporary denial orders against Russian airline and company in Kenya
Orders deny export privileges for violations of the Export Administration Regulations
April 3, 2025
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White House announces 10% tariff on all countries, effective April 5, 2025
Higher reciprocal tariffs on countries with the largest U.S. trade deficits starting April 9, 2025
April 2, 2025
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White House announces end of duty-free de minimis treatment for low-value Chinese imports
Imported goods valued at or under $800 and that would otherwise qualify for the de minimis exemption will be subject to all applicable duties
April 2, 2025
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Latest tax developments from the United States and from KPMG member firms around the globe
News
White House announces 25% tariffs on automobile imports
The tariffs will take effect for automobiles on April 3, 2025, and for automobile parts, by no later than May 3, 2025.
March 27, 2025
News
U.S. BIS adds over 80 entities to Entity List
Entities from China, Iran, Pakistan, South Africa, Taiwan, and the UAE
March 26, 2025
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White House announces Secretary of State may impose 25% tariff on goods from any country importing Venezuelan oil
Effective April 2, 2025
March 25, 2025
News
U.S. OFAC amendments to Reporting, Procedures and Penalties Regulations
A final rule to amend the Reporting, Procedures and Penalties Regulations, and extend recordkeeping requirements
March 19, 2025
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Australia seeks exemption from U.S. tariffs on steel and aluminum, will not impose reciprocal tariffs
Government continues to work for a different outcome while discussions with Trump Administration are ongoing
March 13, 2025
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Canada introduces countermeasures in response to U.S. tariffs
Canada also requested WTO dispute consultations
March 13, 2025
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EU countermeasures in response to U.S. tariffs on steel and aluminum imports
Countermeasures could apply to U.S. exports worth up to €26 billion
March 12, 2025
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U.S. BIS requests comments on section 232 investigations into imports of wood products and copper
Comments due by April 1, 2025
March 11, 2025
News
KPMG report: Shipping and offshore tax update (March 2025)
Global tax-related developments relevant for companies involved in shipping and related industries
March 7, 2025
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White House announces adjustments to tariffs on imports from Canada and Mexico
Aim to minimize disruption to the U.S. automotive industry
March 6, 2025
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Canada and China request WTO dispute consultations over U.S. tariff measures
World Trade Organization circulated requests from Canada and China for dispute consultations with the United States
March 6, 2025
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United States increases tariffs on Chinese imports to 20%
Changes effective March 4, 2025
March 4, 2025
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EU updates guidance on preferential rules of origin
Includes a new section on the verification of the proof of origin
March 4, 2025
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U.S. tariffs on Canada and Mexico take effect March 4; duty-free de minimis treatment allowed
Notices of implementation of executive orders imposing tariffs on Canadian and Mexican products and amendments to those orders
March 3, 2025
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United States initiates Section 232 investigation into timber and lumber imports
Investigation will assess factors such as U.S. production capacity, non-U.S. competition, and the impact of non-U.S. subsidies
March 3, 2025
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U.S. BIS modifies HTSUS to conform with 25% tariffs on aluminum and steel imports
Effective March 12, 2025
March 3, 2025
News
USTR presents President Trump’s 2025 trade policy agenda to Congress
Outlines strategy for addressing economic and national security challenges through trade rebalancing
March 3, 2025
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United States initiates Section 232 investigation into imports of copper
Investigation will culminate in a report that identifies vulnerabilities and offers recommendations
February 26, 2025
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USTR requests comments on proposed Section 301 actions concerning China’s maritime and shipbuilding practices
Deadline to submit comments is March 24, 2025.
February 25, 2025
News
EU adopts 16th sanctions package against Russia
Targets key sectors of the Russian economy, including energy, trade, transport, infrastructure, and financial services
February 25, 2025
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White House announces directive to counter digital service taxes (DSTs)
President Trump signed a memorandum to respond to the enactment by foreign governments of DSTs.
February 24, 2025
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White House memorandum on U.S. tax and trade policies focuses on China
Including review of whether to suspend or terminate 1984 U.S.-China income tax treaty
February 24, 2025
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U.S. CBP extends Vessel Entrance and Clearance Automation Test
Extension for an additional 24 months, until February 21, 2027
February 24, 2025
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USTR seeks public comments on foreign trade practices
Deadline for comments is March 11, 2025
February 21, 2025
News
Thailand: Free trade agreement with EFTA signed
European Free Trade Association (EFTA) includes Switzerland, Norway, Iceland, and Liechtenstein
February 18, 2025
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Philippines: Pre-border technical verification and cross-border electronic invoicing system
Digital and integrated systems required for all imported commodities within two years of the order's issuance
February 14, 2025
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President Trump orders examination of use of reciprocal tariffs
The “Fair and Reciprocal Plan” will examine non-reciprocal trade relationships with all U.S. trading partners.
February 13, 2025
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U.S. BIS issues correcting amendment to interim final rule on advanced computing integrated circuits
Comments are due by March 14, 2025.
February 12, 2025
News
White House announces 25% tariffs on all steel and aluminum imports
Effective March 12, 2025
February 11, 2025
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U.S. CBP amends notice on additional duties for Chinese products, reinstating de minimis exemptions
Changes to the HTSUS and adjustments to the de minimis exemption treatment
February 10, 2025
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U.S. BIS issues temporary denial order for illegal transshipment of U.S.-origin goods to Russia
Temporary denial order against several individuals and companies for allegedly violating U.S. export regulations
February 10, 2025
News
USTR announces action by Mexico to resolve USMCA biotech corn dispute
Mexico’s action declares ineffective two measures that the USTR successfully challenged in the USMCA dispute.
February 6, 2025
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United States announces tariffs on Canada, Mexico, and China; 30-day postponement for Canada and Mexico
In response to concerns related to drug trafficking and illegal immigration
February 3, 2025
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Hungary: Stricter import VAT deduction requirements effective March 2025
Requires importers to file monthly VAT returns and not be classified as “risky taxpayers”
January 29, 2025
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Argentina: Reduced export duties
Decree No. 38/2025 and General Resolution 5643/2025
January 28, 2025
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USTR compliance review of economic and trade agreement with China
Assess whether China is acting in accordance with the commitments it made under the agreement
January 27, 2025
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USTR determines that China’s targeting of maritime, logistics, and shipbuilding sectors is actionable under Section 301
USTR investigation concluded that China's actions burden or restrict U.S. commerce.
January 22, 2025
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White House announces “America First Trade Policy”
Memorandum outlines directives for U.S. government agencies to address trade
January 21, 2025
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India: Amendments to foreign exchange management regulations
Amendments relating to foreign currency deposits and accounts
January 21, 2025
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U.S. CBP and Treasury propose changes to duty and tax exemption for low-value shipments
Merchandise subject to specified trade or national security actions would be ineligible for the administrative exemption.
January 17, 2025
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Senate Finance Ranking Member Wyden releases legislation to repeal sanctions, establish normal trade relations with Cuba
Aims to repeal major statutes that codify sanctions against Cuba
January 17, 2025
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U.S. CBP releases interim final rule to implement provisions of the USMCA
Textile and apparel goods, automotive goods, and other customs provisions
January 16, 2025
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U.S. Treasury targets Russian sanctions evasion schemes and designates Kyrgyzstani bank
Actions target a secret payment channel between Russia and China for sensitive exports
January 15, 2025
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U.S. DHS adds 37 China-based companies to UFLPA Entity List due to forced labor
Among entities added are a large supplier of critical minerals and large textile manufacturer
January 14, 2025
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USTR releases report detailing approach to using trade tools to combat forced labor
Trade Strategy to Combat Forced Labor
January 14, 2025
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USTR releases model negotiating texts
Cover note and five model texts
January 14, 2025
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U.S. BIS revises export controls on advanced computing integrated circuits and AI model weights
Interim final rule revises the Export Administration Regulations (EAR) to impose new controls
January 13, 2025
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U.S. CBP and Treasury propose new rules for low-value shipment entries
Entry of certain low-value shipments not exceeding $800
January 13, 2025
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Gulf Cooperation Council (GCC) countries implement new integrated customs tariff
Aims to facilitate international trade, reduce trade expenses, and standardize trade documentation
January 13, 2025
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U.S. Treasury furthers sanctions targeting Russian oil production and exports
Curb revenue used for war against Ukraine
January 10, 2025
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KPMG report: Shipping and offshore tax update (January 2025)
Global tax-related developments relevant for companies involved in shipping and related industries
January 8, 2025
News
U.S. CBP proposes rule for electronic submission of rail cargo export manifests
Electronic submission of export manifest data for rail cargo through the Automated Commercial Environment (ACE)
January 7, 2025
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EU-Chile interim trade agreement will enter into force on February 1, 2025
Streamlined process for establishing preferential origin
January 7, 2025
News
U.S. BIS adds 13 entities to EAR Entity List
Entities involved in activities such as providing surveillance services and financial support to foreign military regimes
January 3, 2025
More from KPMG
Trade & Customs Insights
News and insights on tariffs, import and export laws and regulations, global supply chain, and trade processes and controls
News
U.S. OFAC issues Russia-related general license and FAQ
Treasury's Office of Foreign Assets Control (OFAC) issued Russia-related guidance
December 27, 2024
News
USTR initiates Section 301 investigation into China's semiconductor industry practices
Section 301 investigation into China's acts, policies, and practices related to targeting of the semiconductor industry for dominance
December 23, 2024
News
U.S. BIS updates export controls for changes agreed by Australia Group
Final rule amending the Export Administration Regulations (EAR)
December 20, 2024
News
U.S. OFAC issues Russia-related general licenses and FAQs
Treasury's Office of Foreign Assets Control (OFAC) issued Russia-related guidance
December 18, 2024
News
U.S. OFAC settlement agreements for violations of Global Magnitsky Sanctions Regulations and sanctions on Iran
Apparent violations of OFAC's Global Magnitsky Sanctions Regulations and sanctions on Iran
December 18, 2024
News
Canada: Updated guidance on forced labour and child labour reporting requirements
Guidance intended to assist organizations in preparing for the reporting deadline on May 31, 2025
December 18, 2024
News
U.S. OFAC amends general licenses for legal services payments
The final rule is applicable on March 12, 2025.
December 17, 2024
News
KPMG report: Free trade agreement finalized between EU and Mercosur
Free trade agreement finalized after 25 years of negotiations
December 13, 2024
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U.S. OFAC reaches settlement with Minnesota-based company over violation of sanctions on Cuba and Iran
A settlement agreement to resolve potential civil liability for 82 apparent violations
December 13, 2024
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U.S. BIS renews temporary denial orders for two Russian airlines
Effective immediately for one year
December 12, 2024
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USTR increases Section 301 tariffs for Chinese imports of tungsten products, solar wafers, and polysilicon
Tariff increases will take effect on January 1, 2025.
December 11, 2024
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USTR initiates Section 301 investigation of Nicaragua’s labor and human rights practices
Investigation into Nicaragua's acts, policies, and practices concerning labor rights, human rights, and the rule of law
December 10, 2024
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U.S. BIS adds eight entities to EAR Entity List
Entities involved in activities such as supplying military components, enabling human rights violations, and developing surveillance technology
December 10, 2024
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U.S. BIS assessment on use of mature-node semiconductor chips
Findings are part of a survey to assess how companies source mature-node semiconductors
December 6, 2024
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Potential implications of tariffs on China, Mexico, and Canada as announced by President-elect Trump
Additional 10% tariff on Chinese goods and 25% additional tariff on goods from Mexico and Canada
December 3, 2024
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U.S. CBP issues finding on forced labor in certain aluminum imports from Dominican Republic
CBP may seize and forfeit products unless importers can prove they were not made with prohibited labor.
December 3, 2024
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German company agrees to pay $14.5 million for one violation of U.S. OFAC sanctions on Iran
The violation was egregious and not voluntarily disclosed.
December 3, 2024
Tax Services
News
European Commission accepts Greece's measures to bring its tonnage tax scheme in compliance with State aid rules
European Commission accepts Greece's measures to bring its tonnage tax scheme in compliance with State aid rules
November 25, 2024
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European Commission requests WTO consultations over anti-dumping measures imposed by China on imports of EU brandy
The request initiates WTO dispute settlement procedures, giving China 10 days to respond and arrange consultations.
November 25, 2024
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U.S. BIS imposes new licensing requirements on exports to Pakistan
Final rule amending the Export Administration Regulations (EAR)
November 25, 2024
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U.S. DHS adds 29 China-based companies to UFLPA Entity List due to forced labor
U.S. CBP will presume that goods from these 29 entities are banned due to involvement in forced labor activities
November 22, 2024
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U.S. Treasury sanctions Russian banks and expands measures against Russian financial entities
Sanctions to limit Russia's financial access amid Ukraine conflict
November 21, 2024
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Proposed legislation would revoke China’s permanent normal trade relations (PNTR) status
If the legislation is not enacted before the end of the current Congress, the bill will expire.
November 19, 2024
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Malaysia: Framework for voluntary disclosure program
Comprehensive guidance on implementation of the compliance verification audit programme (AViP)
November 18, 2024
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U.S. life insurance company agrees to pay $178,000 for violations of sanctions on Iran
Apparent violations of Iranian Transactions and Sanctions Regulations
November 14, 2024
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EU: Combined Nomenclature for 2025
The most recent version of the Combined Nomenclature will be applicable as from January 1, 2025.
November 13, 2024
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EU: Expansion of centralised clearance for import (CCI) system
The European Commission announced that Italy has joined the Centralised Clearance for Import system.
November 12, 2024
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U.S. BIS renews temporary denial of export privileges of Russian airline for one year
Based on evidence of repeated and ongoing violations of the Export Administration Regulations (EAR)
November 7, 2024
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Norway: Carbon border adjustment mechanism (CBAM) for imports from 2026
Importers must report and purchase certificates for greenhouse gas emissions associated with certain goods starting January 1, 2026.
November 5, 2024
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U.S. DHS adds China-based textile companies to Uyghur Forced Labor Prevention Act (UFLPA) Entity List
CBP will enforce a rebuttable presumption that goods are prohibited from entering the United States.
November 4, 2024
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New Zealand: Trade agreement with GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE)
Provisions for reduced trade barriers and commitments to sustainable development and labor standards
November 4, 2024
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U.S. CBP issues “withhold release order” on frankincense sourced from company in Somalia
Information reasonably indicates the use of forced labor
November 1, 2024
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U.S. OFAC issues sanctions compliance guidance for maritime shipping industry
Emphasizes a risk-based approach to sanctions compliance
October 31, 2024
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U.S. BIS amends Export Administration Regulations (EAR) by adding to and modifying Entity List
Entities located in China, India, Malaysia, Russia, Singapore, and Turkey
October 30, 2024
News
U.S. BIS imposes additional export controls against Russia and Belarus
Expands the Russian and Belarusian Industry Sector Sanctions
October 30, 2024
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U.S. Treasury sanctions third-country intermediaries and Russian producers supporting Russia’s military
Sanctions target illicit procurement networks and financial facilitators, which play key roles in sanctions evasion
October 30, 2024
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EU imposes duties on imports of battery electric vehicles from China for five years
Investigation found that Chinese BEVs benefit from unfair subsidies
October 30, 2024
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Canada: Surtax relief measures for importers of Chinese goods
Relief applies retroactively to surtaxes paid on EVs imported since October 1, 2024, and on steel and aluminum since October 22, 2024
October 25, 2024
News
U.S. BIS amends Export Administration Regulations (EAR) by revising entity list
BIS adds 26 entries under destinations of China, Egypt, Pakistan, and UAE
October 21, 2024
News
Updated price cap guidance for global maritime oil industry
Introduces new recommendations and builds on previous guidance
October 21, 2024
News
Italy: Import VAT is considered customs duty
Legislative Decree no. 141/2024 equates import VAT with customs duties, including them both in the concept of border duties.
October 18, 2024
News
U.S. BIS releases rules to modernize space-related export controls
One final rule, one interim final rule, and a proposed rule
October 17, 2024
News
Vietnam-based beverage company agrees to pay $860,000 for violations of U.S. sanctions on North Korea
Civil liability for 43 apparent violations of the North Korea Sanctions Regulations
October 17, 2024
News
Mexico: Modifications to general foreign trade rules affecting IMMEX operations and VAT certifications
The modifications are effective as of October 15, 2024.
October 16, 2024
News
U.S. BIS updates “unverified list”
Parties listed on the unverified list are ineligible to receive items subject to the EAR by means of a license exception.
October 15, 2024
News
USTR opens exclusion process for certain machinery used in domestic manufacturing
The portal opens October 15, 2024, and will accept requests through March 31, 2025.
October 15, 2024
News
Australia: Legislation implementing UK to Trans-Pacific Partnership passed by Parliament
The legislation provides a “free” rate of customs duty for originating goods of the United Kingdom.
October 11, 2024
News
U.S. CBP lifts “withhold release order” on certain disposable gloves from Malaysia
Certain disposable gloves will no longer be detained at U.S. ports of entry
October 11, 2024
News
U.S. request for comments on potential import prohibitions on Chinese products due to pangolin trade
Possible import prohibitions on certain products from China due to the involvement of Chinese nationals in the trade or taking of pangolins
October 11, 2024
News
U.S. BIS guidance for financial institutions on best practices to comply with Export Administration Regulations
Background information and recommendations to minimize the likelihood of EAR violations
October 9, 2024
News
U.S. BIS renews temporary denial of export privileges of Russian airline for one year
The order restricts the Russian airline from participating in export-related activities.
October 8, 2024
News
U.S. OFAC finalizes amendments to the Reporting, Procedures and Penalties Regulations
Summary of comments and changes from the interim final rule
October 7, 2024
News
KPMG article: Tax incentives under IRA, CHIPS Act, and U.S. FTZ Program
Such incentives may result in significant benefits to qualifying companies
October 3, 2024
News
Costa Rica: New law ratifies Revised Kyoto Convention
The international treaty, adopted by the WCO, aims to simplify and harmonize customs procedures globally.
October 2, 2024
News
U.S. DHS adds China-based steel and aspartame companies to Uyghur Forced Labor Prevention Act (UFLPA) Entity List
CBP will presume that goods from these companies are produced with forced labor and will prohibit their entry into the United States.
October 2, 2024
News
U.S. BIS publishes second quarterly update of “boycott requester list”
Updated list includes 36 new additions and the removal of 21 entities
October 1, 2024
News
KPMG report: U.S. trade policy under presidential candidates Kamala Harris and Donald Trump—a comparative review
Trade strategies of Vice President Kamala Harris and former President Donald Trump present starkly different visions for the future
September 27, 2024
News
United States extends suspension of Cyprus as “proscribed destination” for defense articles
Continues the policy initiated in October 2022 that originally lifted the arms embargo to Cyprus
September 26, 2024
News
U.S. CBP guidance on modifications to China tariffs under Section 301
Specific HTSUS codes and effective dates for tariff modifications and exclusions
September 26, 2024
News
U.S. BIS renews temporary denial of export privileges of Russian airline for one year
Effective immediately for one year
September 25, 2024
News
G7 guidance on preventing evasion of export controls and sanctions imposed on Russia
Aims to to protect common high priority list items from misappropriation, prevent reputational harm, and mitigate liability risk
September 24, 2024
News
U.S. BIS renews temporary denial of export privileges of two Russian airlines for another year
Russian airlines repeatedly violated U.S. export regulations by operating aircraft subject to the Export Administration Regulations (EAR) without authorization
September 24, 2024
News
USTR requests comments on proposed tariff increases covering tungsten products, wafers, polysilicon
Interested parties can submit comments through October 22, 2024.
September 23, 2024
News
Costa Rica: Free trade agreement with Ecuador enters into force October 1, 2024
Majority of exports will enter into member countries free of import duties, and even more will gradually benefit from the tariff preferences
September 20, 2024
News
Cambodia: New procedures for postal and express consignments
GDCE updates related to customs procedures for postal, express consignments, and cross-border electronic trade of goods
September 18, 2024
News
Peru: Import and export of commodities subject to transfer pricing regulations
Companies must submit Informative Affidavit by the day of arrival for imports and the day of shipment for exports.
September 18, 2024
News
Canada: Consultation on potential surtaxes for certain imports from China
Consultation is open for feedback until October 10, 2024
September 18, 2024
News
U.S. OFAC clarifies process for issuing orders on blocking and identifying property
OFAC incorporating information about orders in regulatory notes of sanctions regulations
September 13, 2024
News
USTR finalizes action on China tariffs following statutory four-year review
Proposed modifications announced in May 2024 were largely adopted, with several updates.
September 13, 2024
News
U.S. BIS amends Export Administration Regulations self-disclosure and enforcement provisions
Voluntary self-disclosure process for exporters who believe they may have violated the EAR
September 12, 2024
News
Greece: Implementation of electronic delivery notes and digital tracking of goods shipment
The Greek Ministry of Finance and the Independent Authority for Public Revenue issued Decisions A. 1122/2024 and A. 1123/2024.
September 12, 2024
News
U.S. OFAC amendments to Reporting, Procedures and Penalties Regulations
An interim final rule to amend the Reporting, Procedures and Penalties Regulations, and extend recordkeeping requirements
September 11, 2024
News
U.S. BIS implements export controls on semiconductor, quantum, and additive manufacturing items
U.S. BIS released an interim final rule implementing export controls on several semiconductor, quantum, and additive manufacturing items.
September 5, 2024
News
U.S. OFAC issues Russia-related general licenses
The U.S. Department of the Treasury’s Office of Foreign Assets Control released a document announcing publication of recent Russia-related general licenses.
September 5, 2024
News
Canada: New surtaxes on imports from China starting October 2024
Over 200 tariff classifications for steel, aluminum, and EV products may be affected
August 30, 2024
News
KPMG report: Shipping and offshore tax update (August 2024)
Global tax-related developments relevant for companies involved in shipping and related industries
August 28, 2024
News
USTR request for comments on WTO dispute initiated by China over IRA tax credits
China has requested a WTO dispute settlement panel, alleging that certain clean energy tax credits violate WTO agreements
August 26, 2024
News
U.S. BIS amends Export Administration Regulations (EAR) by revising entity list
A final rule amending Export Administration Regulations by adding 123 entities under 131 entries to entity list
August 23, 2024
News
U.S. BIS makes changes to Russia and Belarus sanctions under Export Administration Regulations (EAR)
A final rule that makes changes to Russia and Belarus sanctions under EAR
August 23, 2024
News
Costa Rica: Reforms to free trade zone regime
Changes primarily impact comprehensive logistics services companies
August 22, 2024
News
Nigeria: Guidelines for implementation of 0% duty rate on some basic food items
Guidelines for implementation of 0% duty rate and VAT exemption on selected basic food items
August 20, 2024
News
U.S. interim final rule amending ITAR to facilitate defense trade and cooperation with Australia and UK
Interim final rule amending ITAR to facilitate defense trade and cooperation among Australia, UK, and United States
August 16, 2024
News
U.S. BIS publishes new export control compliance resources for the academic community
The compliance note outlines common export control violations disclosed by academic institutions over the past decade.
August 15, 2024
News
U.S. CBP modifies “withhold release order” on seafood products from certain Taiwanese fishing vessel
CBP will no longer detain shipments of the seafood products at U.S. ports of entry
August 15, 2024
News
U.S. final rule amends ITAR definition of activities that are not exports, reexports, retransfers, or temporary imports
Two new entries to expand the definition of activities that are not considered exports, reexports, retransfers, or temporary imports
August 14, 2024
News
U.S. OFAC issues Russia-related general license, updates SDN list
General license authorizes a particular type of transaction for a class of persons without the need to apply for a license
August 12, 2024
News
U.S. conforming amendments to extended exclusions, China Section 301 investigation
Two of the extended exclusions in the Section 301 investigation were affected by amended statistical reporting categories.
August 5, 2024
News
U.S. OFAC issues Russia-related general licenses
A general license authorizes a particular type of transaction for a class of persons without the need to apply for a license.
August 2, 2024
News
U.S. financial institution agrees to pay $7.4 million to settle violations of Ukraine-/Russia-related sanctions
A U.S. financial institution agreed to pay to settle its potential civil liability for apparent violations of OFAC's Ukraine-/Russia-related sanctions
July 26, 2024
News
U.S. revisions to definition and controls related to defense services in ITAR
Aim to clarify activities that are controlled and describe new activities proposed for control
July 25, 2024
News
U.S. proposed changes to EAR concerning military, intelligence, and foreign security
BIS is seeking public comments on the proposed changes.
July 25, 2024
News
U.S. CBP adjusts customs user fees for inflation (FY 2025)
Adjusted amounts are required beginning October 1, 2024.
July 19, 2024
News
U.S. changes to scope and terms used in EAR to describe “standards-related activities”
Interim final rule amending the Export Administration Regulations (EAR)
July 17, 2024
News
EU: Guidance on rules of origin in trade agreement with New Zealand
A guidance document on the application of the rules of origin set out in the EU-New Zealand trade agreement.
July 16, 2024
News
United States publishes updated Uyghur Forced Labor Prevention Act enforcement strategy
Highlights of the updated UFLPA strategy
July 15, 2024
News
Canada: Updated list of imported goods targeted for potential audits
The Canada Border Services Agency released an updated list of imported goods that will be targeted for potential audits.
July 12, 2024
News
U.S. BIS issues guidance on export diversion risks
Guidance outlining different actions that it takes to inform industry and academia about parties that present risks of diversion of items
July 10, 2024
News
India: Consultation on draft export and import regulations
The Reserve Bank of India has invited comments from all stakeholders on the draft regulations by September 1, 2024.
July 9, 2024
News
U.S. BIS revises “unverified list”
Final rule amends the Export Administration Regulations (EAR)
July 2, 2024
News
U.S. BIS amends Export Administration Regulations (EAR) by revising entity list
Entities determined by the U.S. government to be acting contrary to the national security or foreign policy interests of the United States
July 2, 2024
News
U.S. BIS updates boycott requester list
BIS added 57 entities and removed 127
June 27, 2024
News
Italian company agrees to pay $538,000 for violations of U.S. OFAC sanctions on North Korea
Apparent violations were not voluntarily self-disclosed and non-egregious
June 26, 2024
News
U.S. university settles export control violations related to genetically modified fruit flies
Export control violations involving unauthorized export without necessary licenses
June 25, 2024
News
EU: New sanctions against Russia focused on enforcement issues
14th package of sanctions against Russia
June 24, 2024
News
China: Export controls on select aerospace and special organic materials
Implementation of export controls beginning July 1, 2024
June 24, 2024
News
U.S. BIS imposes three-year export ban on U.S. package forwarding company for continued violations of EAR
Continued violations of the Export Administration Regulations (EAR) and failure to address past compliance failures.
June 18, 2024
News
Pakistan: Direct and indirect tax measures in Finance Bill, 2024
The Finance Bill, 2024 was presented to the National Assembly.
June 13, 2024
News
U.S. OFAC issues Russia-related determination, general licenses, and FAQs
Treasury is targeting the architecture of Russia’s financial system
June 12, 2024
News
KPMG report: Shipping and offshore tax update (June 2024)
Developments in Kenya, South Africa, the Netherlands, Switzerland, Norway, and Denmark
June 7, 2024
News
USTR extends certain exclusions from China Section 301 tariffs
To allow for a transition period, the USTR is extending all of the currently expiring exclusions through June 14, 2024.
May 24, 2024
News
USTR proposed tariff modifications and machinery exclusion process, China Section 301 investigation four-year review
Public comments will be accepted from May 29 through June 28, 2024.
May 22, 2024
News
Mexico: Updated criteria for importation of “sensitive goods” under 8th rule
The Ministry of Economy updated its criteria for the temporary importation of “sensitive goods” under the “8th rule.”
May 21, 2024
News
Kenya: Gains on petroleum products not subject to additional import duties (High Court decision)
Tax authority could not levy additional import duties on product gains on petroleum products after initial duties were already paid
May 20, 2024
News
U.S. items incident to communications and authorized for export or reexport to Iran
OFAC is publishing an updated version of the list that will restrict the computing power of certain items on the list.
May 16, 2024
News
Canada: CBSA Assessment and Revenue Management (CARM) mandatory registration extended to October 2024
Companies importing goods into Canada must register in the Canada Border Services Agency (CBSA) Assessment Revenue Management (CARM) Client Portal
May 15, 2024
News
USTR to modify China tariffs under Section 301 following four-year review
President Biden is directing the USTR to add or increase tariffs for certain products.
May 14, 2024
News
EU: Trade support to Ukraine extended for one more year
The suspension of import duties and quotas on Ukrainian exports to the European Union will be extended for another year.
May 13, 2024
News
U.S. OFAC amendments to Reporting, Procedures and Penalties Regulations
Requires electronic filing of certain submissions to OFAC
May 9, 2024
News
Bolivia: Changes to procedures for export tax refund requests with surety insurance policy on first demand
Tax authority guidance—RND No. 102400000014
May 7, 2024
News
Costa Rica: Recent customs-related developments
Binding tariff classification criteria for electric and hybrid vehicles
May 3, 2024
News
EU-New Zealand trade agreement enters into force
The European Commission issued a release announcing that the EU-New Zealand trade agreement entered into force.
May 1, 2024
News
United States imposes nearly 300 new sanctions on Russia’s military-industrial base and third-country support
Actions to degrade Russia’s ability to sustain its war against Ukraine
May 1, 2024
News
U.S. proposed rule to support defense trade and cooperation with Australia and United Kingdom
Amend the International Traffic in Arms Regulations (ITAR) to support the goals of the AUKUS partnership
April 30, 2024
News
U.S. OFAC issues Russia-related general license
A general license authorizes a particular type of transaction for a class of persons without the need to apply for a license.
April 29, 2024
News
Mexico: New decree modifies general import and export tax law
Maintains tariffs for certain goods but imposes different tariff fractions on others
April 26, 2024
News
USTR releases 2024 “special 301 report” on protecting intellectual property rights
USTR’s findings of more than 100 trading partners after significant research and enhanced engagement with stakeholders
April 25, 2024
News
Bolivia: Guidance on requests for refunds of export taxes
Requirements and procedures for the presentation of export tax refund requests
April 25, 2024
News
Korea: New guidance on improving data collection during customs audits
New administrative regulations aimed at improving data collection during customs audits
April 25, 2024
News
Hungary: New reporting obligation for import of certain agricultural products
Notification must be submitted by the seller or their representative using a dedicated form on the NÉBIH website
April 22, 2024
News
House Ways and Means approves six trade-related bills
The House Committee on Ways and Means approved six trade-related bills.
April 19, 2024
News
U.S. BIS amends EAR to ease license requirements for Australia and UK
Further aligns the treatment of Australia, Canada, and the UK under the Export Administration Regulations
April 18, 2024
News
U.S. BIS expands license requirements for exports to Iran, Russia, Belarus, and Crimea region under the EAR
Additional controls now warranted under the Export Administration Regulations
April 18, 2024
News
USTR initiates Section 301 investigation of China’s targeting of maritime, logistics, shipbuilding sectors for dominance
Examination of whether the acts, policies, or practices are unreasonable or discriminatory and burden or restrict U.S. commerce
April 17, 2024
News
Bolivia: Changes to the regulations for the refund of export taxes
New modality of export tax refund to facilitate the processing of tax refund requests
April 17, 2024
News
United States and United Kingdom issue prohibitions on metals from Russia
Prohibit import of Russian-origin aluminum, copper, and nickel into the United States
April 15, 2024
News
Romania: Changes to customs IT systems
A new IT system (AES-RO) is being used for exports from Romania as of March 2024
April 15, 2024
News
U.S. CBP “withhold release order” on certain work gloves manufactured in China (convict labor)
WRO issued based on evidence suggesting the use of convict labor
April 12, 2024
News
U.S. additions to Export Administration Regulations (EAR) entity list
The final rule also modifies one existing entity.
April 10, 2024
News
U.S. BIS renews temporary denial of export privileges against Russian airline
The current renewal will remain in effect for one year.
April 4, 2024
News
Export controls on semiconductor manufacturing items, advanced computing items, supercomputer and semiconductor end use
Corrections to U.S. interim final rules
April 1, 2024
News
China initiates WTO dispute regarding U.S. tax credits for electric vehicles, renewable energy
China claims the U.S. credits at issue are dependent on the use of domestic over imported goods.
March 28, 2024
News
U.S. final rule removing additional high-energy capacitors from U.S. Munitions List
Changes made after reviewing comments received in response to an interim final rule that amended the International Traffic in Arms Regulations (ITAR)
March 22, 2024
News
U.S. final rule expands SDN-related end-user controls under Export Administration Regulations (EAR)
The final rule adds and expands end-user controls on certain persons identified on the list of specially designated nationals and blocked persons.
March 20, 2024
News
KPMG report: Tax and trade considerations for U.S. inbound investment
Insights on U.S. real property investment and existing U.S. operations acquisition
March 18, 2024
News
U.S. BIS imposes stricter export controls on items destined for Nicaragua
More restrictive treatment to exports and reexports to, and transfers (in-country) within, Nicaragua of items subject to EAR
March 14, 2024
News
Cambodia: Revised guidelines for identifying goods and inspecting procedures
The Ministry of Economy and Finance issued Prakas No. 924 to revise guidelines for identifying goods and inspecting procedures.
March 13, 2024
News
Trade agreement between India and the European Free Trade Association (EFTA)
Trade agreement will come into effect post-ratification by the governments of the respective countries
March 13, 2024
News
USTR releases FY 2025 budget justification
USTR’s strategic objectives, accomplishments, and measurements for success for the upcoming fiscal year
March 12, 2024
News
Australia: Consultation on removal of “nuisance tariffs”
Consultation on the nuisance tariffs selected for removal closes 1 April 2024.
March 12, 2024
News
U.S. guidance on obligations of foreign-based persons to comply with U.S. sanctions and export control laws
Overview of compliance considerations for non-U.S. companies
March 7, 2024
News
KPMG report: Shipping and offshore tax update (March 2024)
Global tax-related developments that are relevant for companies involved in shipping and related industries
March 5, 2024
News
President Biden’s 2024 trade agenda presented to Congress
2024 trade policy agenda and 2023 annual report to Congress
March 1, 2024
News
U.S. BIS revises EAR entity list
One entity was involved in supporting online censorship and surveillance, and the other diverted U.S. items to an entity-listed party
February 26, 2024
News
U.S. BIS adds 93 entities to EAR entity list, including 63 from Russia
Determined by the U.S. government to be acting contrary to the national security or foreign policy interests of the United States
February 23, 2024
News
U.S. OFAC issues Russia-related general licenses, FAQs, and designations
General licenses, new and amended frequently asked questions
February 23, 2024
News
EU: New sanctions against Russia focused on limiting access to military technologies
13th package of sanctions against Russia
February 23, 2024
News
U.S. BIS revises license requirements and export controls for certain camera technologies
The final rule will be effective from March 8, 2024.
February 22, 2024
News
U.S. amendments to North Korea sanctions regulations
Modification of a general license that authorizes certain transactions in support of specified humanitarian activities of NGOs
February 15, 2024
News
Canada: Annual report concerning efforts to prevent forced labor in supply chains
The first reporting deadline is May 31, 2024.
February 15, 2024
News
Brazil: Updates in foreign trade
KPMG member firm in Brazil prepared a report covering updates in the field of foreign trade.
February 15, 2024
News
USTR request for post-hearing comments on trade in automotive goods under USMCA
Post-hearing comments are due by 5 p.m. EST on February 28, 2024.
February 13, 2024
News
EU: New phase of EU excise movement and control system (EMCS)
Phase 4.0 of EU EMCS made commercial movements of excise products fully paperless across the EU
February 13, 2024
News
Nigeria: Tax and customs incentives for gas sector
The Federal Ministry of Finance released a circular setting out various tax and customs incentives for the gas sector.
February 8, 2024
News
U.S. OFAC sanctions entities and vessel for price cap violation, implements G7 ban on Russian diamonds
U.S. OFAC imposed sanctions on entities and identified one vessel as blocked property that were involved in a price cap violation scheme.
February 8, 2024
News
Ghana: Tax and customs measures in 2024 budget enacted
Enacted measures in 2024 budget
February 6, 2024
News
U.S. publication of Price Cap Coalition alert
Overview of key oil price cap evasion methods
February 1, 2024
News
China: Amended technology export restrictions and licensing procedures
China restricts the export of certain technologies listed in the Catalogue of Technologies Prohibited or Restricted from Export
January 31, 2024
News
KPMG report: Proposals to de minimis customs rules spike U.S. importer interest
Three bills pending in committees of both chambers of Congress that propose changes to the customs de minimis exception
January 30, 2024
News
U.S. BIS strengthens sanctions against Russia and Belarus
Final rule to strengthen existing sanctions under the Export Administration Regulations (EAR)
January 23, 2024
News
Fifth round of U.S. sanctions on Hamas targets financial networks and facilitators of virtual currency transfers
UK and Australia also placing sanctions on Hamas officials and facilitators
January 22, 2024
News
U.S. BIS removes three persons from “unverified list”
BIS was able to verify their bona fides
January 19, 2024
News
U.S. conforming amendment to previously reinstated exclusion, China Section 301 investigation
One previously reinstated exclusion is affected by amended statistical reporting categories
January 19, 2024
News
U.S. OFAC sanctions shipping company for price cap violation
First oil price cap enforcement action of 2024
January 18, 2024
News
U.S. guidance concerning Russia-related executive order
Russia-related general licenses, determinations, FAQs, and compliance advisory
January 16, 2024
News
Gulf Cooperation Council (GCC) and Korea sign free trade agreement
Free trade agreement signed in December 2023
January 16, 2024
News
U.S. CBP modifies test concerning entry of Section 321 low-value shipments through ACE
Waiver of certain regulations and consequences of misconduct by test participants
January 12, 2024
News
Romania: New reporting requirements for international shipment of goods
Provisions applicable from 1 January 2024
January 12, 2024
News
Canada: Updated list of imported goods targeted for potential audits
The Canada Border Services Agency released an updated list of 16 imported goods that will be targeted for potential audits.
January 12, 2024
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